Darlene Lucy
2024-12-27

$MicroStrategy(MSTR)$ looks much stronger than $MARA Holdings(MARA)$ in general but recently the setup looks similarly bearish; pretty strong multi day downtrend into a pennant with 3 res touches and 2 support touches..

It could bounce off this support here but think you can do a breakout trade either direction and use fibs on the MAs in green and purple as short term DT targets.

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Comments

  • Reglloyd
    2024-12-27
    Reglloyd
    Not Strange to see this Bearish technical outlook on Microstrategy. If you believe in Bitcoin , rather than buying the spot Bitcoin ETF’s or holding a cold wallet, Microstrategy should/could be the buy even though Bitcoin is currently down by -10.5 % from its $108 135.00 all time high achieved on 18 Dec 2024. Microstrategy being more volatile than Bitcoin because of the leverage it uses to acquire Bitcoin. Based on 9 Analysts ratings it’s a Buy with a consensus price target of between $600-$650 .Current price $345.60 , If Bitcoin was at its all time high the price of Microstrategy would surely be sitting at +/-$424 at its current Market cap of $84 billion.The volatility of Microstrategy & Bitcoin may well be the underlying concern for investors, or the investors are just taking some time out with Family as they celebrate Christmas. I would be interested to hear anyone else’s comments on why they believe Microstrategy is looking Bearish.
  • bluekiwiseed
    2024-12-27
    bluekiwiseed
    if you really want to compare MSTR and MARA, you should peg both to BTC instead of USD, then you'll see the reality.
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